Markets
Chinese banks face headwinds in Q1, but asset growth rebounds
Chinese banks face headwinds in Q1, but asset growth rebounds
Asset quality tightened but is yet to reflect the effects of the pandemic.
Small banks in Malaysia, Singapore under threat as neobanks emerge
Small banks could lose market share as digital newcomers target underserved segments.
Hong Kong regulator launch job programme for local financial industry
It will offer 300 roles for students graduating in 2020 with a bachelor’s degree.
ADB, UN ESCAP boost partnership amidst pandemic
The two organisations will work together to address COVID-caused issues in Asia.
Weekly Global News Wrap: Morgan Stanley shunned by Aramco for advisory role; JP Morgan, Barclays settle Mexico bond lawsuit
And Credit Suisse shrugs off oil & gas exposure.
Risk-averse investors push Singapore bank deposits up
Foreign currency deposits skyrocketed to $19b (S$27b) in April.
India may inject almost $20b into state-owned banks
A final decision could be made in H2 of India’s fiscal year.
Singapore big three's total dividends to decline 3.1% in 2020
UOB is expected to suspend its special dividend for the fiscal year.
Stable playing field a gain for Singapore banks: report
High credit costs can be covered by profits.
Asian banks face consolidation as fintechs, neobanks usurp market
Banks’ hopes for survival lie in the US$100b of new revenue opportunities, reports McKinsey & Co.
Singapore allows finance firms to reopen select locations starting 2 June
But most staff will continue to work from home.
Chinese central bank should dodge bond buying: adviser
It could lead to inflation and the depreciation of the yuan.
Weekly Global News Wrap: Spanish banks reopen; StanChart defends climate goals after carbon finance flak
And Morgan Stanley agrees to pay $5m fine.
Singapore's Big Three banks fell in Q1 as pandemic persists
Compressed net interest margin and rise in non-performing loans are to be expected, according to analysts.
Volatility spells investment losses for Thai non-bank financial firms
Higher NPLs and credit costs may set in once measures expire.
Chinese banks still see long-term stability ahead
The sector is cushioned enough to absorb eroding asset quality.
Coronavirus to amplify hierarchy in Chinese banks: analysis
Banks with high exposure to SMEs will bear the brunt of the epidemic.
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